Learning Goal: I’m working on a business question and need support to help me learn.
help me in my assignment i will attach the requirements it’s a case study in fin
Read the attached case study : case 2-1 The Gordons’ Version of Financial Planning. and answer the following questions
1- Using this information and Worksheets 2.1 and 2.2, construct the Gordons’ balance sheet and
income and expense statement for the year ending December 31, 2010.
2. Comment on the Gordons’ financial condition regarding (a) solvency, (b) liquidity, (c) savings, and
(d) ability to pay debts promptly. If the Gordons continue to manage their finances as described,
what do you expect the long-run consequences to be? Discuss.
3. Critically evaluate the Gordon’s approach to financial planning. Point out any fallacies in Burt’s arguments,
and be sure to mention (a) implications for the long term as well as (b) the potential impact
of inflation in general and specifically on their net worth. What procedures should they use to get
their financial house in order? Be sure to discuss the role that long- and short-term financial plans
and budgets might play.
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